$FIRO We previously received a generous donation from Power Up Privacy 8 of 50,000 USD to support Firo’s development efforts. This was a pure donation with no expectation of tokens. You can read about this donation here 4.

We are now set to receive a series of new donations and interest free loans to support Firo in the following areas:

Audit fees for our new tech (like curve trees)

Marketing (to fund marketing efforts through select marketing companies)

Market making inventory (in the form of loans) to support Firo liquidity in various exchanges

Development (to cover core team shortfall) and keep our developers working

Accelerating Spark Assets development and supporting liquidity of tokens once it’s ready

Integrations and other useful tools such as bridges/telegram bots/etc

Possible funding for other ventures such as Aura (our privacy voting protocol)

They’ve also expressed interest in setting up a significant amount of masternodes as well (which they will acquire themselves from the market).

This is just to share this news first with you and further details will follow. We are also approaching this as responsibly as we can and not requesting all funds upfront unless we at least have a clear idea of costings and milestone and also only requesting loans for inventory instead of donations.

This is pretty exciting and really glad that we can continue to work on Firo and also have this strong support from such a privacy believer that comes with no strings attached beyond the requirement to report how their donations are being used!

A huge thank you to Power Up Privacy and hope the community can show their support for their generosity here. They also want some community feedback on certain items such as Aura which we will post once ready!